Gold hits one-month peak as Trump healthcare failure hurts dollar

Gold Trading Range for the day is 28650-28900.Gold rose over 1 % to touch a one-month high on Monday as the dollar slid after President Donald Trump's failure to pass healthcare reform raised doubts over his ability to push through his economic agenda.Gold prices slipped lower as the U.S. dollar regained some strength ahead of a highly-anticipated vote on U.S. President Donald Trumps healthcare bill.

Spot gold rose 1 % to $1,256.20 per ounce by 0401 GMT, after hitting $1,257.97, its highest since Feb. 28. 

 

U.S. gold futures were up 0.6% at $1,256.30. 

 

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, fell 0.21 % to 832.62 tonnes on Friday from 834.40 tonnes on Thursday. 

 

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